Seven Acres Foundation

Analysis

Seven Acres Foundation is a registered charity in United States, based in Chelan, WA. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Seven Acres Foundation reported income of $2.1m and spending of $825k, leaving 60% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $683k to $2.1m (+200%), an average of +32% a year. The sharpest change came in the year to December 2022, when income rose by 415%. Over the whole period it spent 13% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Seven Acres Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within WA. Charities of a similar size with the same main cause include Moceans Center for Independent Living Inc ($2.1m), Hope Womens Center Inc ($2.1m) and Codman Community Farms Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $84k (10% of expenses). At year end it held assets of $20.3m against liabilities of $6.2m, net assets of $14.1m.